News in brief - 15 November 2024

Tech companies to pay more tax in UK

The UK government has announced plans to make tech companies pay more tax in the country. The move comes after years of criticism that the likes of Google and Amazon have been avoiding paying their fair share of tax.

Under the new plans, tech companies will be required to pay a 2% tax on their global revenues. This is expected to raise around £5 billion a year for the UK government.

The tech industry has reacted angrily to the plans, with some companies threatening to leave the UK. However, the government has said that it is determined to make sure that tech companies pay their fair share of tax.

New Zealand's Labour Party wins election

New Zealand's Labour Party has won the country's general election. The party won 64 seats in the 120-seat parliament, giving it a clear majority.

The Labour Party's victory is a significant change from the previous election, which was won by the National Party. The National Party has been in power for the last nine years.

The Labour Party's leader, Jacinda Ardern, has promised to form a government that will work for all New Zealanders. She has also pledged to tackle the country's housing crisis and to reduce child poverty.

US and China agree to trade deal

The US and China have agreed to a trade deal that will see the two countries reduce tariffs on each other's goods. The deal is expected to boost trade between the two countries and to help to reduce tensions between them.

The trade deal is a major victory for US President Donald Trump, who has made reducing the US trade deficit a key goal of his presidency.

However, some experts have warned that the trade deal may not be enough to resolve the underlying tensions between the US and China.